Current mainstream CEX, DEX funding rate data displays that the market continues to remain predominantly bearish.
BlockBeats News, November 28th, according to Coinglass data, the recent cryptocurrency market has seen a comprehensive rebound, with Bitcoin briefly rising to nearly $92,000. However, the current funding rates on major CEXs and DEXs indicate that the market is still overwhelmingly bearish. The specific funding rates for major coins are shown in the attached image.
BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the price of the underlying asset, usually applicable to perpetual contracts. It serves as a mechanism for fund exchange between long and short traders, with the trading platform not charging this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the price of the underlying asset.
When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is above 0.01%, it indicates a generally bullish market. When the Funding Rate is below 0.005%, it indicates a generally bearish market.
You may also like

The doubling of Circle's stock price and the paradigm shift of stablecoins

Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report

On-Chain Options Explosion.ActionEvent

《Time》 Magazine Names Anthropic as the World's Most Disruptive Company

Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?

500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain

AI Agent needs Crypto, not Crypto needs AI

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

Web3 teams should stop wasting marketing budgets on the X platform

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Key Market Intel on March 12th, how much did you miss out on?

The new center of Crypto

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

Why Does Everyone Hate AI?
